AdvisorCentral Adds The Aquila Group of Funds; Participation Enables Aquila to Expand Service and Visibility.

Business Editors

BOSTON--(BUSINESS WIRE)--Aug. 5, 2003

AdvisorCentral, a core-business building and servicing portal for financial advisors and broker-dealers, today announced the addition of The Aquila(SM) Group of Funds as a participating fund company.

"AdvisorCentral is an important resource that significantly increases the availability and type of account information directly available to broker-dealers and advisors, thereby enabling them to better serve our shareholders who are their clients," said Diana Herrmann, president and chief operating officer of Aquila Management Corporation. "Ultimately, we believe that by supporting intermediaries with the shareholder information available through AdvisorCentral, we will increase their interest in recommending our funds."

AdvisorCentral aggregates account information from 45 fund companies and receives two million queries per month from registered users. The portal is jointly owned by Fidelity Investments(R), Franklin(R) Templeton(R) Investors Services, Inc., Putnam Investments and PFPC Inc.

Aquila recently received recognition by Lipper, a major international mutual fund data and performance information tracking firm, as the Best Bond Fund Group in the USA for 2003. The company is making all of its Bond and Equity Funds available through AdvisorCentral, as well as its money fund portfolios: Capital Cash Management Trust and the three portfolios of Cash Assets Trust. Aquila's bond and stock funds include the Hawaiian Tax-Free Trust, Tax-Free Trust of Arizona, Tax-Free Trust of Oregon, Tax-Free Fund of Colorado, Churchill Tax-Free Fund of Kentucky, Tax-Free Fund For Utah, Narragansett Insured Tax-Free Income Fund, and Aquila Rocky Mountain Equity Fund.

AdvisorCentral has completed an e-marketing campaign to alert major broker-dealers to the fund company's new presence. Working with Aquila's wholesalers, AdvisorCentral is also providing training on the features and benefits of the portal.

"We are pleased to welcome The Aquila(SM) Group of Funds to AdvisorCentral," said Harry Groom, AdvisorCentral President and CEO. "Aquila recognizes that increasingly, financial advisors and broker-dealers consider AdvisorCentral an indispensable source of aggregated account information. By participating on AdvisorCentral, Aquila is expanding its accessibility to its sales and service partners."

Launched in November 2001, AdvisorCentral enables intermediaries to better service their clients while saving significant amounts of time. Broker-dealers can access current account information on a 24x7 basis without the need to call multiple fund companies. Instead, they can find clients' aggregated account holdings with just a few mouse clicks. Back-office staff can also confirm and reconcile transactions more quickly and efficiently.

About AdvisorCentral

AdvisorCentral (www.advisorcentral.com) serves as a core business-building and servicing portal for financial advisors and broker-dealers--providing indispensable information, commentary, research, and workplace resources. AdvisorCentral is also a major marketing resource for participating mutual fund companies. Leveraging industry-standard technologies for ease of use, AdvisorCentral provides advisors with consolidated views of their clients' holdings across all participating fund companies and receives nearly two million monthly queries. While features may vary by investment company, AdvisorCentral offers a range of additional capabilities such as the ability to make purchases, exchanges and redemptions; view detailed historical transactions; calculate contingent deferred sales charges; and directly link to participating funds' Web sites. AdvisorCentral is jointly owned by Fidelity Investments(R), Franklin Templeton Investors Services, Inc., Putnam Investments and PFPC Inc., a member of the PNC Financial Services Group, Inc., and it is free to advisors.

About The Aquila Group of Funds

The Aquila(SM) Group of Funds has made its mark as a niche player in the mutual fund industry, specializing in single-state municipal bond and regional equity funds. Its seven single-state municipal bond funds, are among the leaders of such funds in the states of Hawaii, Arizona, Oregon, Colorado, Kentucky, Utah and Rhode Island. Total bond fund assets under management are approximately $2.5 billion, which ranks The Aquila(SM) Group of Funds as #17 (in the upper 15%) of all 112 mutual fund complexes offering such funds.

Editors and reporters seeking interviews with AdvisorCentral should contact Dawn Ringel, Warner Communications, at 781-449-8456 or [e-mail]. For interviews with The Aquila(SM) Group of Funds, contact Erick Kanter of Kanter & Associates, LLC at 703-534-2150 or [e-mail].